US tightens grip on AI chip export to China amid escalating tech battle

Share This Post

The United States Government is contemplating shutting down Chinese companies’ access to American artificial intelligence (AI) chips, Reuters reported on Oct. 13.

The Biden administration aims to close loopholes allowing Chinese companies to acquire American AI chips via overseas subsidiaries. Last year, the U.S. government cut ties with China on chip trading and chip-making tools. Since the ban was only directed at China, Chinese companies could still access the chips needed through overseas subsidiaries.

But this latest move could completely block Chinese companies’ access to U.S. AI chips. Per the report, the move further indicates the U.S.’s effort to assert control in the ongoing AI competition with the Asian country.

Recently, U.S. authorities have been taking steps to hinder China’s progress in AI, particularly in military applications. Reports indicate that U.S. companies like Nvidia and Intel manufacture many of the AI chips China uses.

In response, the U.S. Government has ordered Nvidia and AMD to restrict the sale of their AI chips to specific countries as a precautionary measure.

China was set to overtake the U.S. in the AI war.

Meanwhile, China is strengthening its effort to overtake the U.S. in the ongoing AI war.

CNBC, citing the country’s key ministries, reported that the Chinese government wants to increase its computing power by 50% by 2025.

This plan includes the development of the country’s computing capacity to 300 exaflops from the current 197 exaflops. Contextually, an exaflop is a unit of computing power equivalent to the computing power of two million mainstream laptop computers.

The increased computing power will support applications in industries including finance and education.

The country would also look to improve the security of its supply chain, citing how the U.S.’s export controls have negatively impacted the growth of its technological industry.

The post US tightens grip on AI chip export to China amid escalating tech battle appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Prices Rise After Fed Interest Rate Cut, Market Sees New Optimism as Meme Coins like Memebet and ICOs Benefit

The crypto market has flipped bullish this week Investors are bullish about yesterday’s interest rate cuts and the chance of a new bull run, so altcoins and meme tokens are in high demand

Over 75M Ordinal Inscriptions and $4.5B in Sales—Bitcoin Finds Its NFT Footing

In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics This technology has

How the $1.4 billion crypto prediction market industry took off in 2024 – report

Prediction markets are experiencing growth, with platforms like Polymarket advancing the sector Castle Capital reported in its latest deep dive that these markets enable users to bet on future events

Dogecoin Forming First Golden Cross In 4 Years, Is A 3700% Rally To $3.8 Possible?

Dogecoin could be gearing up for another major surge in price as the meme coin’s chart shows the formation of a major pattern The Golden Cross pattern is a major bullish formation on a chart that

Crypto Founder Identifies The Best And Worst Time To Be In Bitcoin

Bitcoin and the rest of the crypto market have been trading sideways for the better part of the year now However, the tide is starting to turn as there could be a recovery trend for the crypto market

US labor market and manufacturing strengthen leading to $63k bitcoin price

Bitcoin surged above $63,000, gaining 65% in 24 hours, following US jobs data and the Federal Reserve’s 50-basis-point rate cut Initial jobless claims decreased to 219,000 for the week ending